ITR-1 (Sahaj) and ITR-4S (Sugam) released by the Income tax department and published on the e-filing website for download.
Download ITR-1 here
Download ITR-4 here
File your income tax return from here
Who can use ITR-1 for AY 2014-15?
Individuals having the income from Salary and Interest.
Who can user ITR-4 for AY 2014-15?
Individuals/HUF having the income from presumptive business
The AY 2014-15 ITR's are e-Utilities (Till AY 2013-14 - Excel Utilities)
How to use the forms:
These Forms are developed using the latest in JAVA technology and effort has been made to make it user friendly, simpler and faster preparation of tax returns. This utility can be run on operating systems like Windows 7.0 or above and latest Linux, where Java Runtime Environment Version 7 Update 6 (jre 1.7 is also known as jre version 7) or above is installed.
The following are features available in the Form.
Short Cut Keys to use in e-Utility?
1. Alt+N : Opens new ITR
2. Alt+S : Saves the ITR in the user desired path
3. Alt+F4 : Closes the Utility
4. Alt+I : Imports the xml file
5. Alt+F : Pre-fills the ITR
6. Alt+C : Clears the validation errors
7. Alt+D : Hides/shows the validation window
8. Alt+G : Open the submit screen to submit the ITR
9. Alt+R : Recalculates the tax details as per the Utility
Required System Settings for e-Utility?
Following are the recomended settings to use the ITR Utility :
1. Java Runtime Environment Version 7 Update 6 (jre 1.7 is also known as jre version 7) or above
2. Any Zip Software to unzip the utility
Minimum bandwidth of 256 kbps and above
Today, MCA has published the 4th Set of Draft Rules and under the Companies Act 2013.
The set has only Investor Education and Protection Fund Authority (IEPFA) Rules, 2013. These rules are under the the section 125 (Investor Education and Protection Fund) of the Companies Act 2013.
The last date for submitting the suggestions or comments for these rules is 5th November 2013.
Download the Investor Education and Protection Fund Authority Rules 2013 from here
3rd set of draft rules on Deposit, SFIO and National Financial Regulatory Authority has been posted on the Ministry of Corporate Affairs website for suggestions or comments.
Last date for Submitting suggestions or comments is 01st November 2013.
Download the 3rd set of draft rules under the Companies Act 2
Any person wish to register a Company in india, either One Person Company or Private Limited Company or Public Limited Company or Section 25 Company, he has to apply with the Ministry of Corporate Affairs (MCA) to ROC (Registrar of Companies).
The following is the process which MCA follows, for each service to register a company:
Application for obtaining Director Identification Number(DIN): (E-Form - DIN 1)
1. Submission of the required documents Online complete in all respects for Approval of DIN Cell, Regional Director(North)
2. Examination of all documents by DIN Cell under Regional Director(North)
We can find the Director/Signatories details for any Company registered under the Companies Act 1956 (the Companies Act 2013, if registered after new Law) from the Ministry of Corporate Affairs website.
These details includes the following:
1. DIN/DPIN/PAN (Director Identification Number / Designated Partner Identification Number / Permanent Account Number)
2. Full name of the Director/Signatory of the Company
3. Present Residential Address of the Director or Signatory
Only natural-born citizens of India, including small businessmen, entrepreneurs, artisans, weavers or traders among others can take advantage of the 'One Person Company’ (OPC) concept outlined in the new Companies Act.
Non-resident Indians or individuals who do not reside in India for over 182 days cannot incorporate a OPC, the draft rules to the Companies Act, 2013 has clarified.
Resting the doubts regarding incorporation of OPC by a corporate entity or non-resident Indians, the draft rules said only a “natural person” who is an Indian citizen and is resident in India shall be eligible to incorporate an OPC.
Definitions - Charge - Sec 2(16); Chartered Accountant - Sec 2(17); Chief Executive Officer - Sec 2(18); Chief Executive Officer - Sec 2(19); Company - Sec 2(20) - the Companies Act, 2013
Section 2: In the Companies Act 2013, unless the context otherwise requires,--
Section 2(16): “Charge” means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage;
Section 2(17): “Chartered Accountant” means a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 who holds a valid certificate of practice under sub-section (1) of section 6 of that Act;
On 20th of September, 2013 Government has issued 2nd phase of Draft Rules under the Companies Act 2013 having 9 Chapters for public Comments.
Today, 86 forms under the 2nd phase of Draft Rules published for public comments. Government has already published 133 forms under the 1st phase of Draft Rules on 9th September. Click Here
The following are the second set of forms available on MCA website:
1. Form 3.1: Advertisement giving details of notice of special resolution for varying the terms of any contract referred to in the prospectus or altering the objects for which the prospectus was issued
Who has the authentication for signing on any document, proceedings or contracts by or on behalf of a Company? - Section 21 of the Companies Act, 2013
Section 21 of the Companies Act 2013 has been notified by the Central Government on 12th September.
Section 21 deals with the "Authentication of documents, proceedings, and contracts". Section 54 is the similar provision in Companies Act, 1956.
Who has the authentication for signing?
Any of the following persons duly authorized by the Board:
The Companies Act 2013, defining the "Financial Statement" under Sub-Section 40 of Section 2.
"Financial Statement" in relation to a company, includes-
i) a balance sheet as at the end of the financial year;
ii) a profit and loss account, or in the case of a company carrying on any activity not for profit, an income and expenditure account for the financial year;